MRC · As filed with the SEC
MRC Global cash flow statement, by quarter
The statement as MRC Global presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
Condensed Consolidated Statements of Cash Flows (Unaudited) · USD millions
| USD millions | Q3 2025† 3 months ended Sep 30, 2025 | Q2 2025† 3 months ended Jun 30, 2025 | Q1 2025 3 months ended Mar 31, 2025 | Q4 2024† 3 months ended Dec 31, 2024 | Q3 2024† 3 months ended Sep 30, 2024 | Q2 2024† 3 months ended Jun 30, 2024 | Q1 2024 3 months ended Mar 31, 2024 | Q4 2023† 3 months ended Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|
| Net income | (9)† | 13† | 8 | (1)† | 29† | 30† | — | — |
| Adjustments to reconcile net income from continuing operations to net cash (used in) provided by continuing operations: | ||||||||
| Depreciation and amortization | 6† | 7† | 5 | 5† | 6† | 5† | 5 | 4† |
| Amortization of intangibles | 4† | 4† | 5 | 4† | 5† | 5† | 5 | 6† |
| Equity-based compensation expense | 4† | 4† | 4 | 5† | 4† | 3† | 4 | 4† |
| Increase (decrease) in LIFO reserve | 13† | — | — | 2† | (6)† | — | — | 5† |
| Other non-cash items | 2† | (5)† | 2 | (1)† | 1† | 4† | 3 | (2)† |
| Deferred income tax (benefit) | (2)† | (1)† | 1 | (2)† | (7)† | (1)† | 2 | (4)† |
| Changes in operating assets and liabilities: | ||||||||
| Accounts receivable | (4)† | (21)† | (59) | 66† | 2† | (4)† | (51) | 92† |
| Inventories | (47)† | (38)† | (44) | 2† | 65† | 39† | 8 | 61† |
| Other current assets | (2)† | (9)† | 5 | 3† | (1)† | (5)† | 1 | 1† |
| Accounts payable | (4)† | 6† | 100 | (41)† | 4† | (21)† | 49 | (85)† |
| Accrued expenses and other current liabilities | 3† | (17)† | (6) | 26† | (4)† | 11† | (7) | (11)† |
| Operating cash flows from continuing operations | (36)† | (46)† | 21 | 73† | 99† | 60† | — | — |
| Operating cash flows from discontinued operations | (1)† | 2† | (7) | 6† | (3)† | 3† | — | — |
| Net cash (used in) provided by operating activities | (37)† | (44)† | 14 | 79† | 96† | 63† | 38 | 89† |
| Investing activities | ||||||||
| Purchases of property, plant and equipment | (6)† | (15)† | (9) | (5)† | (9)† | (8)† | (6) | (5)† |
| Other investing activities | 0† | 5† | 0 | 0† | 0† | 0† | 1 | 2† |
| Investing cash flows from continuing operations | (6)† | (10)† | (9) | (5)† | (9)† | (8)† | — | — |
| Investing cash flows from discontinued operations | 1† | 0† | 17 | 0† | 0† | 0† | — | — |
| Net cash used in investing activities | (5)† | (10)† | 8 | (5)† | (9)† | (8)† | (5) | (2)† |
| Financing activities | ||||||||
| Payments on revolving credit facilities | (167)† | (153)† | (184) | (173)† | (161)† | (101)† | (14) | (106)† |
| Proceeds from revolving credit facilities | 195† | 232† | 168 | 132† | 94† | 249† | 9 | 104† |
| Payments on debt obligations | (1)† | (1)† | 0 | 0† | 0† | (294)† | (1) | (1)† |
| Dividends paid on preferred stock | 0† | 0† | 0 | (5)† | (6)† | (6)† | (6) | (6)† |
| Repurchases of common stock | 0† | — | — | — | 0† | — | — | — |
| Repurchases of shares to satisfy tax withholdings | 0† | (1)† | (6) | 0† | 0† | 0† | (5) | 0† |
| Other financing activities | 0† | — | — | (2)† | 0† | — | — | — |
| Financing cash flows from continuing operations | 26† | 62† | (23) | (72)† | (73)† | (152)† | — | — |
| Financing cash flows from discontinued operations | 0† | 0† | 0 | 0† | 0† | 0† | — | — |
| Net cash provided by (used in) financing activities | 26† | 62† | (23) | (72)† | (73)† | (152)† | (17) | (9)† |
| Debt issuance costs paid | — | — | (1) | (7)† | — | — | — | 0† |
| Decrease in cash | (16)† | 8† | (1) | 2† | 14† | (97)† | 16 | 78† |
| Cash -- beginning of period | — | — | — | — | — | — | — | 52 |
| Effect of foreign exchange rate on cash | 0† | 4† | 1 | (1)† | (1)† | 0† | (1) | 1† |
| Cash -- beginning of period | 75 | 63 | 63 | 62 | 49 | 146 | 131 | 52 |
| Cash -- end of period | 59 | 75 | 63 | 63 | 62 | 49 | 146 | 131 |
| Supplemental disclosures of cash flow information: | ||||||||
| Cash paid for interest, net of capitalized interest | 9† | 13† | 9 | 1† | 4† | 6† | 7 | 8† |
| Cash paid for income taxes | 0† | 8† | 2 | 2† | 19† | 6† | 13 | 11† |
| Supplemental non-cash transactions: | ||||||||
| Change in accrued purchases of property, plant and equipment | — | — | 1 | 5† | — | — | — | — |
| Net income | — | — | — | — | 29† | 30† | 19 | 21† |
† Derived: worked out from the filings, not stated in them. A fourth quarter is the 10-K year less the nine months in the third-quarter 10-Q; a quarter of cash flows is year to date less the prior year to date.
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.